The market was volatile last week, and we are starting to see signs that the bears are sold out – volume has been unusually light, a few more growth-oriented stocks are acting well, and the major indexes have refused to fall to seriously test their late-January lows. Of course, the buyers aren’t exactly taking control, but the last few weeks of action are enough to warrant a slightly positive shift in our market monitor above. What does that mean for you? If you’ve been sitting on the sidelines the past few weeks, take a couple of small positions in some strong, potentially-leading stocks. If the market improves, you can then put more money to work. This week’s Top Ten has more than a few candidates to choose from; most are from the commodity areas, but three are in the growth camp. Our favorite of the week is
Western Digital (WDC), an old company that’s benefitting from a boom in hard drive demand for newer electronic devices. The stock is showing exceptional power and volume; we think it’s worth a nibble around here.
| Stock Name | Price | Buy Range | Loss Limit |
|---|
| RRC (RRC) | 0.00 | 57-61 | - |
| WDC (WDC) | 0.00 | 30-33 | - |
| WLT (WLT) | 0.00 | 42-48 | - |
| XEC (XEC) | 0.00 | 47-50 | - |
| AUY (AUY) | 0.00 | 15-17 | - |
| CENX (CENX) | 0.00 | 56-64 | - |
| CMP (CMP) | 0.00 | 50-55 | - |
| CPHD (CPHD) | 0.00 | 29-32 | - |
| CREE (CREE) | 0.00 | 31-33 | - |
| DVN (DVN) | 0.00 | 92-98 | - |